Featured

NewsMax: Author Travis Brown: Money Takes a Hike Toward Lower Taxes

High-tax states like New York are seeing money leave their borders in a flight to states with low taxes, such as Florida and Texas, says Travis Brown, author of the book “How Money Walks,” which focuses on how people and money move between states.

For New York, $68.1 billion exited the state between 1992 and 2010, as measured by the net loss of adjusted gross income on tax returns, Brown tells Newsmax TV in an exclusive interview.

“Start spreading the news, they’re leaving today,” he quipped, making a play on Frank Sinatra’s song “New York, New York.”